BW LPG Ltd (BWLPG) Fair Value & Analysis
Energy · NO · Market cap 29.9B NOK (≈ $3.2B) · ISIN BMG173841013
Strengths
Risks
Fair value as of: Aug 27, 2026
From 26 valuation models · updated today
Fair value updated Aug 27, 2026, revised from kr 22.35 to kr 210.19 (+840.4%) since Aug 13, 2026. Share price +8.6% over the past month.
A solid business, currently priced close to our fair value.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- A fairly wide model range (kr 156.64 to kr 282.07) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.
How to read this chart
60‑month range kr 18.61 – kr 233.40 · fair‑value band kr 156.64 – kr 282.07 · the kr 226.40 price screens above the kr 210.19 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.
Analysis
BW LPG Ltd (BWLPG) currently trades at kr 226.40, while our model-based Fair Value estimate is kr 210.19, implying the stock looks roughly 7.2% fairly valued today. The Quality Score stands at 65/100 (solid quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, BW LPG Ltd generated revenue of 3.6B NOK at a net margin of 6.8%. Revenue declined 13.2% year over year. It earns a return on equity of 15.0%. Net debt stands at 611M NOK. Fundamentals as of Aug 27, 2026
Our scenario range runs from kr 156.64 (bear case) to kr 282.07 (bull case); at kr 226.40, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 139% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -46% fair-value upside, at -7%, BWLPG screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: DCF Models (kr 48.73) versus Asset-Based (kr 8.08). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 64 · Market factors (momentum, volatility) 86
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. It operates through Shipping and Product Services segments.
Full company description
BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. It operates through Shipping and Product Services segments. The company engages in the transportation of liquefied petroleum gas (LPG); provision of integrated LPG delivery services, as well as management services; wholesale and trade of LPG; and investment in commercial enterprises. As of December 31, 2025, it owned and operated a fleet of 54 vessels, including 28 very large gas carriers, 7 large gas carriers time chartered in by product services, and 8 VLGCs owned by BW LPG India Pte. Ltd. BW LPG Limited was formerly known as BW Gas LPG Holding Limited and changed its name to BW LPG Limited in September 2013. The company was founded in 1935 and is headquartered in Singapore.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
BW LPG Ltd reported revenue of $3.6B in FY2025 versus $688M in FY2021, a compound +51.1%/yr. Reported net income was $242M in FY2025, compounding +7.0%/yr from FY2021.
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Peer Group
Oil & Gas Midstream · 88 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Oil & Gas Midstream median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Oil & Gas Midstream stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Enbridge Inc ENB | $50.37 | $35.83 | -29% |
| The Williams Companies, Inc WMB | $74.41 | $11.73 | -84% |
| Enterprise Products Partners L.P. EPD | $39.14 | $20.94 | -46% |
| TC Energy Corporation TRP | C$88.72 | C$24.53 | -72% |
| Kinder Morgan, Inc KMI | $32.02 | $10.92 | -66% |
| Energy Transfer LP, ET | $21.43 | $11.45 | -47% |
| MPLX LP owns and MPLX | $59.32 | $36.42 | -39% |
| ONEOK, Inc OKE | $94.90 | $58.62 | -38% |
| Targa Resources Corp TRGP | $286.91 | $79.61 | -72% |
| Cheniere Energy, Inc LNG | $284.08 | $199.99 | -30% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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